Inventory Costing Methods MCQ with Answers PDF Download – Test 144

MCQ 716: The standard quantity of input used for achieved output, which is multiplied to standard prices, to calculate variable direct manufacturing cost in:

1. output costing
2. standard costing
3. achieved costing
4. input costing

MCQ 717: The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as:

1. subunit center
2. instruction center
3. responsibility center
4. activity segment

MCQ 718: In estimation of cost functions, the variations in a single activity level represents the:

1. related total costs
2. related fixed cost
3. related variable cost
4. related per unit cost

MCQ 719: The sum of returned working capital and net initial investment is divided by 2 to calculate:

1. increase in operating income
2. average investment over five years
3. average capital invested
4. average rate of return

MCQ 720: If the cost per unit is $50 and the total number of units manufactured in company are 5000, then the total manufacturing cost will be:

1. $220,000
2. $232,000
3. $250,000
4. $25,000